Filling in the Coverage Gaps

Directors’ & Officers’, Errors & Omissions, and Employment Practice Liability Insurance

Commercial general liability policies cover property damage and bodily industry, however, a business can still suffer significant costs brought on by any alleged or actual “wrongful act” by its directors and officers. Due to their intangible and situational nature, management liability exposures are difficult to identify and even more complex to ensure you have the proper coverage to address.

Britton Gallagher’s executive solutions team helps companies especially privately held or those in the non-profit sector identify the potential for the errors, omissions, misleading statements, neglect, breach of duty, and other professional liability claims. Our team then works to find either an existing coverage package or creates a customized insurance policy to ensure your management team is protected.

 

Online Crime, Internal, and External Threats

Cyber and Privacy Liability Insurance

All businesses face cyber risk in three different areas: technology, people, and processes. Protecting your business from cyber threats is a continuous effort, one that has to address internal threats just as strongly as external. Employees are often an overlooked cyber exposure and are intentionally or unintentionally the cause of many corporate data breaches.

A comprehensive network liability program addresses prevention, disclosure, crisis management, and insurance coverage. Cyber liability insurance is specifically designed to address the risks that come with using modern technology—risks that other types of business liability coverage simply won’t cover. The level of coverage your business needs is based on your individual operations and can vary depending on your range of exposure.

Britton Gallagher’s executive solutions team has access to resources to help identify potential cyber or privacy threats and will develop a risk management program that fits your unique needs. We work with your team to implement strategies to prevent a data breach and regularly revisit and revise your plan to address new threats as we learn about them.

Our professional liability advisors can tailor a comprehensive insurance program to fit your unique technology situation. We proactively examine your risk program and will adjust your cyber and network coverage as your operations or exposures change over time.

Insuring Employee Freedom

Kidnap and Ransom Insurance

Companies with international business operations, especially in certain areas of the world, put their employees at risk for kidnap and ransom situations.

Kidnapping and ransom (K&R) insurance is a specifically designed policy (personal or enterprise) that helps negate huge costs to individuals and companies who are victims of kidnapping. Though expensive, this insurance can make a sizable difference in financial loss during the recovery period. K&R policies are purchased as long-term policies for individuals, executive groups, and entire companies. K&R policies are not generally available for individual trips.

Britton Gallagher can provide insurance and risk transfer options to help you combat financial losses in the event of a kidnap, ransom, or extortion claim.